Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Upcoming Earnings Reports To Watch: BBBY, WBA, NKE

Published 06/22/2018, 02:57 AM
Updated 07/09/2023, 06:31 AM

Stocks continued to ebb and flow on the back of international trade news this week, with other major headlines—including a Supreme Court decision that could affect the tax practices of e-commerce companies—also moving markets in the past few days.

Meanwhile, earnings reports from Micron (NASDAQ:MU) and Kroger (NYSE:KR) grabbed some attention as bullish investors continue to trust in economic growth through some periods of volatility. It is still a relatively quiet stretch for earnings reports, but the upcoming week should provide a few more reports for these investors to latch on to.

With that said, investors can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.

And today, we’ve made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week and selected the biggest reports to watch. Make sure to keep an eye on these companies as they prepare to report during the week of June 25.

1. Bed Bath & Beyond Inc. ( (NASDAQ:BBBY) )

Bed Bath & Beyond is scheduled to report its latest quarterly financial results after the closing bell on June 27. Shares of the home goods retailer have added about 14% over the past month, but the stock has consistently struggled over the past several years, and investors will be looking for any indication that the company is rebounding.

According to our latest Zacks Consensus Estimates, analysts expect Bed Bath & Beyond to report adjusted earnings of $0.32 per share and quarterly revenue of $2.75 billion. This top-line result would be basically flat year over year, while this earnings projection would represent a decline about nearly 45%.

2. Walgreens Boots Alliance, Inc. ( (NASDAQ:WBA) )

Drug store giant—and soon-to-be newest member of the Dow index—Walgreens is slated to announce its most recent quarterly earnings results before the market opens on June 28. Shares of the retailer have added more than 5% in the past month, although the stock is still down double-digit percentages over the trailing year.

WBA is currently holding a Zacks Rank #3 (Hold). Our Zacks Consensus Estimates are calling for earnings of $1.47 per share and revenue of $33.65 billion. These results would mark year-over-year growth of 10.5% and 11.7%, respectively.

3. Nike, Inc. ( (NYSE:NKE) )

Athletic apparel behemoth Nike is scheduled to announce the results of its latest fiscal quarter after the market closes on June 28. Shares of Nike have climbed nearly 40% over the past year as the company has successfully fended off its rivals, and investors will look forward to the trend continuing.

Based on our latest consensus estimates, we expect Nike’s earnings to surge 6.7% to reach $0.64 per share. Revenue is projected to improve 8.3% to touch $9.39 billion. The stock is currently sporting a Zacks Rank #3 (Hold).

Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>



Walgreens Boots Alliance, Inc. (WBA): Free Stock Analysis Report

Bed Bath & Beyond Inc. (BBBY): Free Stock Analysis Report

The Kroger Co. (KR): Free Stock Analysis Report

NIKE, Inc. (NKE): Free Stock Analysis Report

Micron Technology, Inc. (MU): Free Stock Analysis Report

Original post

Zacks Investment Research

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.